by Pierre Philantrope | Jan 6, 2021 | Tax Tip
The pandemic or other circumstances of death happened in the past year have caused this tax season 2020 to be the last tax return for taxpayers who did not survive to see this new year. The deceased representative, the executor, might have to file the last tax form or...
by Pierre Philantrope | Dec 9, 2020 | Tax Tip
The following are some of the areas you could explore as tax saving strategies to help you minimize your tax liability as part of your year-end tax planning strategy. December 31 is the last day to plan or revise your existing plan. Qualified Business Income...
by Pierre Philantrope | Nov 25, 2020 | Tax Tip
The following are some of the areas you could explore as tax breaks to help you minimize your taxable income as part of your year-end tax planning strategy. Child and Dependent Tax Credit. For 2020, you may claim as much as a $2,000 credit for each child under age...
by Pierre Philantrope | Nov 11, 2020 | Tax Tip
Tax legislation enacted at the end of 2019, as well as new tax laws enacted in 2020 in response to the coronavirus pandemic (COVID-19), will affect your 2020 income tax return. These legislations contain many new provisions which are likely to minimize your 2020 tax...
by Pierre Philantrope | Oct 21, 2020 | Tax Tip
Many taxpayers have been audited by the IRS because they illegally claim either the earned income tax credit (EITC) and child tax credit (CTC) or other credits because they claimed their children on their tax return. In many cases, the credits were disallowed because...
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